Eit ICT Labs Silicon Valley Foundation

Analysis

Eit ICT Labs Silicon Valley Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eit ICT Labs Silicon Valley Foundation reported income of $630k and spending of $630k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $630k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eit ICT Labs Silicon Valley Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Warroad Memorial Arena Association Inc ($629k), Maryland Veterans TR ($630k) and Tillicum Foundation ($629k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $116k. At year end it held assets of $320k against liabilities of $62k, net assets of $258k. It reported 1 employees.